Nebula Research & Development LLC Acquires 30,622 Shares of Barrick Gold Corp (NYSE:GOLD)

Nebula Research & Development LLC raised its holdings in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 156.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,180 shares of the gold and copper producer's stock after purchasing an additional 30,622 shares during the period. Nebula Research & Development LLC's holdings in Barrick Gold were worth $778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crowley Wealth Management Inc. purchased a new position in Barrick Gold during the 4th quarter valued at about $26,000. Strategic Investment Solutions Inc. IL purchased a new position in Barrick Gold during the fourth quarter valued at approximately $37,000. First Horizon Advisors Inc. increased its holdings in Barrick Gold by 619.7% during the 4th quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock worth $48,000 after acquiring an additional 2,646 shares during the period. Exchange Traded Concepts LLC lifted its stake in Barrick Gold by 196.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer's stock worth $65,000 after purchasing an additional 2,771 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Barrick Gold in the 4th quarter valued at $65,000. Institutional investors own 62.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. National Bank Financial raised shares of Barrick Gold to a "hold" rating in a report on Friday, March 21st. Citigroup decreased their target price on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada upped their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Stifel Canada raised shares of Barrick Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Scotiabank boosted their price target on shares of Barrick Gold from $20.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Barrick Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.05.

Barrick Gold Trading Up 1.3 %

Shares of NYSE:GOLD traded up $0.25 on Monday, reaching $19.30. 16,481,389 shares of the company traded hands, compared to its average volume of 21,597,208. The stock has a market capitalization of $33.19 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 0.44 and a beta of 0.55. The business's 50-day simple moving average is $18.96 and its 200 day simple moving average is $17.90. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 52 week low of $15.11 and a 52 week high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. As a group, equities analysts anticipate that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the gold and copper producer to buy up to 3.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Barrick Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%. Barrick Gold's dividend payout ratio is currently 32.52%.

About Barrick Gold

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.   In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.